PharmaCyte Biotech Inc (PMCB)

[Hotelier51]

Do you really think this is a legitimate investment? All this agreement means is that Nuvilex can direct LPC to support the stock at any given time they choose. Which essentially means it's nothing more than timed stock manipulation, which means that Nuvilex isn't actually using any sort of lump sum to finance actual operations but rather timing everything based on stock price.

It's a complete sham...

"The Company may direct Lincoln Park, from time to time, at its sole discretion and subject to certain conditions to purchase up to 1,000,000 shares of Common Stock (subject to increase in the event the trading price of the Common Stock exceeds certain established thresholds) and may require additional purchases in accordance with the Purchase Agreement. The purchase price of shares of Common Stock related to the future funding will generally be based on the prevailing market prices of such shares at the time of sales (subject to a discount in certain circumstances), and the Company will control the timing and amount of any sales of Common Stock to Lincoln Park."